Chainlink LINK
Current Price
$9.06 -3.44%
$0.6500 Daily Range (7.17%)
$8.88$9.53
$479.34M Daily Volume
7,092 BTC
Vol/MktCap: 7.48%
Market Performance
0.92% Relative BTC Volume
The total volume of Chainlink is $479.34M over the past 24 hours, compared to $52.32B total Bitcoin volume.
Hourly Moving Average
8 SMA $9.13 -0.74%
13 SMA $9.18 -1.27%
21 SMA $9.22 -1.78%
55 SMA $8.83 +2.61%
144 SMA $8.71 +4.04%
Price Performance
+1.96% 1 Hour Change
$9.06 from $8.89
+6.25% 7 Day Change
$0.5666 from $8.49
+9.42% 14 Day Change
$0.8535 from $8.21
-24.38% 30 Day Change
-$2.21 from $11.27
All Time High
May 10, 2021
$52.70 -82.82%
-$43.64 vs. now
24H Change
-253.30M USD -3.80%
-3,748 BTC
Volume and Supply
Total Supply: 1.00B LINK 
708.10M LINK Available70.81% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.
Relative Supply Ratio
50.01 x BTC Supply50:1 supply ratio
RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.
Relative Trade Volume
52.07M LINK
traded over past 24 hours
7.35% of circulating supply
A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.
Conversion Tool
Chainlink AI Market Analysis
Chainlink (LINK) is currently trading at $8.94, having experienced a 24-hour decline of 5.53%. The daily price action shows a high of $9.53 and a low of $8.89, indicating a relatively narrow daily range of 0.64%, which suggests limited volatility in the short term.
The volume over the past 24 hours is 483,112,801, representing a volume-to-market cap ratio of 7.64%. This level of trading activity reflects a moderate interest in LINK but also hints at potential selling pressure given the recent price drop.
Technical indicators reveal a concerning picture; the 1-hour RSI is at a low 23, suggesting oversold conditions in the very short term. In contrast, the 7-day RSI sits at 50, indicating neutral momentum, while the 30-day price change reflects a substantial decline of 26.26%, highlighting a bearish trend over the longer term.
Moving averages also provide critical insights; the 8, 13, and 21 SMAs are all above the current price, indicating resistance levels at $9.25 and $9.32, while the 55 and 144 SMAs at $8.73 and $8.69 show slight bullish momentum. The proximity of the current price to these moving averages suggests that a break below $8.73 could lead to further downside.
Given the bearish trend evidenced by the significant 30-day price decline and the weak short-term momentum reflected in the RSI readings, a cautious approach is warranted. The price is currently facing resistance at the $9.25 level, making upward movement less likely without a strong catalyst.
In conclusion, the current analysis of Chainlink indicates a Sell rating due to the prevailing bearish trend, resistance levels above the current price, and oversold conditions failing to signal a strong reversal. Traders should consider exiting positions or waiting for clearer bullish signals before re-entering.
The volume over the past 24 hours is 483,112,801, representing a volume-to-market cap ratio of 7.64%. This level of trading activity reflects a moderate interest in LINK but also hints at potential selling pressure given the recent price drop.
Technical indicators reveal a concerning picture; the 1-hour RSI is at a low 23, suggesting oversold conditions in the very short term. In contrast, the 7-day RSI sits at 50, indicating neutral momentum, while the 30-day price change reflects a substantial decline of 26.26%, highlighting a bearish trend over the longer term.
Moving averages also provide critical insights; the 8, 13, and 21 SMAs are all above the current price, indicating resistance levels at $9.25 and $9.32, while the 55 and 144 SMAs at $8.73 and $8.69 show slight bullish momentum. The proximity of the current price to these moving averages suggests that a break below $8.73 could lead to further downside.
Given the bearish trend evidenced by the significant 30-day price decline and the weak short-term momentum reflected in the RSI readings, a cautious approach is warranted. The price is currently facing resistance at the $9.25 level, making upward movement less likely without a strong catalyst.
In conclusion, the current analysis of Chainlink indicates a Sell rating due to the prevailing bearish trend, resistance levels above the current price, and oversold conditions failing to signal a strong reversal. Traders should consider exiting positions or waiting for clearer bullish signals before re-entering.
Updated 98 minutes ago.
Chainlink Relative Price at Market Cap of:
Chainlink TradingView Chart
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